Heat oil in large nonstick skillet on medium heat. Add chicken; cook and stir 8 to 10 min. or until done.
Stir in chicken broth; stir. Bring to boil.
Add rice, VELVEETA and broccoli; stir. Cover. Remove from heat. Let stand 10 min.
Stir until VELVEETA is completely melted and mixture is well blended.
To quick-thaw frozen broccoli, microwave for about half the cooking time specified on the package.
Substitute 2 pkg. (6 oz. each) OSCAR MAYER Deli Fresh Grilled Chicken Breast for the cut-up fresh chicken. Bring broth to boil in large skillet. Add chicken strips, rice, VELVEETA and broccoli; mix well. Continue as directed.
Substitute 1 pkg. (16 oz.) frozen vegetable blend, thawed, for the broccoli.